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New Economics Foundation

Flying low

Afresh examination of the economic case for a third, north west runway at London’s Heathrow airport finds it eroded to the point where it is no longer viable. Now, using the Government’s own formula for assessing the value for money of transport schemes, Heathrow expansion along proposed lines would be rated as either ‘poor’ or ‘low’ value. MPs, who will debate the building of a third...

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3 challenges the Spring Statement should address

Tomorrow the Chancellor will deliver the newly downplayed Spring Statement, where he will outline the state of the nation’s financial health. It used to be a major fiscal event but this year Philip Hammond has made it clear he doesn’t want anyone getting too excited. There’ll be no red box, and he won’t speak for very long. Most of the time will likely be spent reacting to the latest...

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